Join us at Optrafair 2019
Snowbird Finance is delighted to be exhibiting at Optrafair from the 30th March - 1st April 2019, NEC Birmingham
For four decades the entire community of practitioners, suppliers and educators have chosen...
'All my bills arrived at the same time - holiday, professional indemnity, tax - but with just one phone call to Snowbird Finance, I got a loan for everything pretty much straight away. Great to be able to get things organised so quickly and now I can just pay it all off monthly so it's not such a drain on my wallet'
Sign up to our newsletter to receive relevant updates, top tips and industry specific news
Acquiring new equipment through leasing is an effective way of manaing your cashflow as there is no large outlay and no deposit to pay, leaving you to save your working capital for other projects.
The usual length of a lease agreement is up to five years,during which you will have fixed instalments paid monthly in advance regardless of the prevailing base rate.
A number of medical practices are not VAT registered so when purchasing equipment in this way we can usually add any VAT from the cost of the equipment to the lease arrangement so that it can also be paid over the term.
Leasing does not qualify for the Annual Investment Allowance (AIA) as the equipment is not listed as a fixed asset on your books. However, you may be able to offset lease rental payment costs against your business's corporate tax liability throughout the life of the lease agreement. Essentially this means that over a full 5 year lease agreement, you should receive the same level of tax relief as your would have after the first year of a lease purchase.*
Click here to get in touch to discuss your next finance agreement.
*You have sole responsibility for the management of your tax and legal affairs. We recommend that you obtain your own independent tax and legal advice tailored to your individual circumstances. Snowbird Finance does not provide tax or legal advice.